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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Storm #2: 2013.

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2012 Financial Goals

Family Balance Sheet

We are still working through some numbers and there might be some adjustments in the timelines we have given ourselves, but these are our financial priorities for 2012. Our 2012 Financial Goals. Increase Family Emergency Fund to Six Months Salary. We want to go to Walt Disney World in the fall of 2012 or spring of 2013.

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Friday Links – Too Swamped Edition

Prairie Eco-Thrifter

I have tried to do some reading this week which I have highlighted below: Great Reads From The Blogosphere: Despite 2012 being over, Invest It Wisely’s idea to fight the winter blues by giving to causes you believe in is a sure-fire way to ensure you’re on your way to a fantastic 2013. Working to build your emergency fund?

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2019 Debt Freedom Plan Update

Family Balance Sheet

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. Finances after the Pandemic: We went through a rough time back in 2012/2013 and we wrote our Debt Freedom Plan as a result of it. We have an emergency fund, but after this crisis, we will likely need to replenish it and increase the amount that we keep.

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Update #1: Our Debt Freedom Plan

Family Balance Sheet

It happened in 2006 and again in late 2012 to early 2013. By summer 2013, our savings was at an uncomfortable level. Our current savings is not at a true emergency fund level of 3-6 months, but further down our plan, we will save up to that level.

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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Danielle from Saving Without A Budget shares 5 Smart Investing Tips for 2012. ” Investor Junkie from Investor Junkie presents Quicken 2013 Review – Now with Mobile Access Support , and says, “Quite a few items were improved in the Quicken 2013 edition. years, my perspective on an engagement ring is simple.